12/14/2023 0 Comments Feeder cattle futures symbol![]() ![]() These financial instruments trade as shares on exchanges in the same way that stocks do. Therefore, options traders must be right about the size and timing of the move in feeder cattle futures to profit from their trades. Options buyers pay a price known as a premium to purchase contracts.Īn options bet succeeds only if the price of feeder cattle futures rises above the strike price by an amount greater than the premium paid for the contract. However, options also have a strike price, which is the price above which the option finishes in the money. Options are also a derivative instrument that employs leverage to trade commodities.Īs with futures, options have an expiration date. The CME offers an options contract on feeder cattle futures. Trading futures requires a high level of sophistication since factors such as storage costs and interest rates affect pricing. If prices decline, traders must deposit additional margin in order to maintain their positions.Īt expiration, feeder cattle contracts are financially settled. The contract trades globally on the CME Globex electronic trading platform and has eight expiration months: January, March, April, May, August, September, October, and November.įutures are a derivative instrument through which traders make leveraged bets on commodity prices. The Chicago Mercantile Exchange (CME) offers a futures contract that settles into 50,000 pounds (23 metric tons) of feeder cattle. ![]() Traders have several ways to get exposure to feeder cattle trading products: Feeder Cattle Futures Reasons to Trade Feeder Cattle Instruments.Chicago prices were 20 cents off their highs going home on the day, but held on to 2 1/4 to 6 cent gains for the. Mixed Close for Friday Wheat Market - AugThe front month wheat futures were well off their highs at the close on Friday, after fading back from the initial Black Sea related gains. December corn closed out the week’s trade with a net 33 cent loss. December saw a 13 cent range for the day, but ended the day back below the $5 mark. ![]() Corn Closes Higher for First Time in 9 Sessions - AugNearby corn futures were 2 3/4 to 3 3/4 cents in the black on Friday. CFTC reported cotton spec traders were net new buyers in. December went into the weekend a net 3 points higher Friday to Friday. Prices were ultimately 34 to 41 points lower at the close. Friday Cotton Closed Red - AugCotton futures traded both sides on Friday, amounting to a 133 point range for December futures. USDA reported cash trading picked up on Friday with sales made mostly near $188 in the North and limited volume near $178 to $179 in the South. August was up the most ahead of Monday’s First Notice Day. Cattle Rally into Weekend - AugThe live cattle futures market ended Friday up by $1.27 to $2.40. The soybean futures were 5 to 15 1/4 cents higher. That flipped the in-delivery August contract to a net gain for the week and limited the September contract to a net 25 point loss for the week. Meal Faded as Beans and Soy Oil Printed Friday Gains - AugSoybean Oil futures led the rally with 1.5% to 2.3% gains on Friday. USDA’s National Average Base Hog price dropped 88 cents to $99.67. October saw a $5.73 range for the week, but closed at a net $1.95 loss Friday to Friday. Commentary Lean Hogs Consolidate on Friday - AugThe hog market firmed up by 25 cents to $1.02 on the last trade day of the week. ![]()
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